The spread of the coronavirus, or COVID-19, has left 10 million Americans unemployed in the last two weeks, escalating concerns about households and how they’ll manage their finances. While student loan borrowers understood generally that the Department of Education (ED) has taken several steps to help them weather the chaos, many were perplexed when their […]
Congress has just passed the the most expensive measure in American history in response to the coronavirus, or COVID-19. The $2.2 trillion stimulus package is intended to help the U.S. economy through the pandemic as states are shutdown and jobless claims spike. For...
The Trump administration will stop seizing wages, tax refunds, and Social Security benefits of Americans who have defaulted on their federal student loans as the new coronavirus or COVID-19 outbreak continues. “These are difficult times for many Americans, and we...
As Democrats call for aid to assist federal student loan borrowers affected by the coronavirus, or COVID-19, consumer advocates worry about those holding private loans. “When we are talking about how student loan borrowers are impacted by this crisis, we can’t lose...
Presidential candidate Joe Biden is calling for student loan forgiveness, joining Democratic lawmakers and former opponents after previously opting for a more moderate approach. “[W]e should forgive a minimum of $10,000/person of federal student loans, as proposed by...
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